Ireland Expenses

 

Trade and Profession
If you have an enterprise, you can claim for business expenses and day-to-day running costs wholly and exclusively (Revenue Expenditure) paid for the purpose of your trade or profession. Revenue Expenditure must always be supported by receipts and invoices and includes the following:
·   Purchase of goods for resale
·   Wages, rent, rates, repairs, lighting and heating etc.
·   Running costs of vehicles or machinery used in the business
·   Accountancy fees
·   Interest paid on any monies borrowed to finance business expenses/items
·   Lease payments on vehicles or machinery used in the business
 
Revenue Expenses which you cannot claim include:
·   expenses that are not wholly and exclusively for business purposes
·   capital expenditure, though you can have so called ‘capital allowances’ on certain expenditure
·   business entertainment, in the sense of accommodation, food, drink or any other forms of hospitality
·   private or domestic expenditure, income tax, etc.
 
If expenses have been incurred both for business and private use, such as shared rent, electricity or telephone charges, you can claim the amounts specifically relating to business.
Employee Expenses
Employees can claim expenses that have been incurred ‘wholly, exclusively and necessarily’ for business purposes. Such expenses, always have to be supported by receipts and invoices, which include:
·   Public transport, including taxi, providing they relate to business and do not include journeys between home and work
·   Purchase of business equipment, hardware and software
·   Repairs and maintenance to business equipment
·   Books and professional publications relevant to the work carried out
·   Membership of professional organisations relevant to the work carried out
·   Business seminar and conferences
·   Business journeys by private car, motorcycle or bicycle, subject to validation and civil service rates
·   Home office, normally providing one room at home is used solely for business
·   Telephone and internet usage, providing there is evidence that the costs have been incurred only for business
·   Books and publications
·   Relocation expenses
·   Pension contributions
 
The Civil Service rates
The Civil Service kilometric rates for cars, motorcycles and bicycles for individuals who are obliged to use their car, motorcycle or bicycle in the performance of the duties of their employment, are as follows:
 
Civil Service Kilometric Rates (Motorcars and motorcycles effective from 1 July 2008)

Vehicle type
Cent/km
up to 6,437 km
above 6,437 km
Bicycle
8
Motorcycle up to 150 cc
19.30
12.49
Motorcycle from 151 to 250 cc
26.80
17.75
Motorcycle from 251 to 600 cc
31.62
20.39
Car under 1,200 cc
52.16
28.29
Car from 1,201 to 1,500 cc
61.67
31.49
Car 1,501 cc and over
78.76
37.94

 
 
 

 

 
 
»